In her new role, Ms. Pretty will be responsible for implementing major pension buyouts, buybacks and longevity insurance transactions in the UK, and will generally help systems achieve their risk mitigation objectives. Specialised mortgage products boosted the market in October, Legal & General Sagoo comes from Author, an insurance and reinsurance group, where she was responsible for the development of the company`s new activities as head of new business and retirement provision. Previously, she was Head of Pricing and Execution at L&G and Head of Insurance and Pension Solutions at Deutsche Bank. Pretty comes from Deutsche Bank, where she most recently led the Insurance and Pensions Solutions team. Previously, Mr. Pretty held positions at AXA Sun Life and Goldman Sachs. She has been a trustee of a UK pension scheme for six years and holds a PhD in physics from Imperial College London. Visit Artemis in Singapore on July 13, 2017 for ILS Asia, tickets available here Revealed: Advisors` Top Tips for Successfully Selling Protection Pretty Sagoo manages the direct management of defined benefits and is a member of the Executive Committee of Just Group plc, a retirement specialist. Pretty`s career began at Goldman Sachs in the Fixed Income, Currencies and Commodities practice, where he worked with European pension funds and insurance companies to define investment strategies and manage financial and demographic risks. Over the next 15 years, she continued to work in insurance and pensions at AXA Versicherungen, Deutsche Bank and Legal & General Insurance.
Previously, she was Head of New Business and Pensions at Athora Insurance Company. Pretty lives in Penarth, South Glamorgan. She is fluent in Italian, Punjabi and Hindi. Founded in 1836, Legal & General is one of the UK`s leading financial services groups and a major global investor with over £1.4 trillion in assets under management*, a third of which is international. We also offer powerful asset creation capabilities. Together, they underpin our industry-leading pension and security solutions: we are a leading international player in pension transfer, life insurance in the UK and the US, and occupational pensions and retirement income in the UK. Through inclusive capitalism, we want to build a better society by investing in long-term assets that benefit everyone. Sagoo also served as a director of the Life & Longevity Markets Association (LLMA), an organization created to promote standards and transparency in the longevity risk transfer and hedging market. UK life and annuity insurance company Legal & General has hired Deutsche Bank`s Pretty Sagoo as head of strategic business within its pension risk transfer team.
Sagoo has extensive experience in longevity risk transfer and longevity swaps, gained during her time at Deutsche Bank, where she led the insurance and pension businesses. During her 15-year career, she has gained experience in the banking and insurance industry in areas such as asset allocation, risk reduction, longevity risk management and Solvency II. Previously, she held positions at AXA Sun Life and Goldman Sachs. During her career, she was a pension fund trustee for Abbey Life Pension Scheme and a corporate director for Legal & General Reinsurance Bermuda. Legal & General`s Pension Risk Transfer division has appointed Pretty Sagoo as Head of Strategic Activities. Pretty joined the Board on January 1, 2021 and is a member of the Subcommittee on Investment and Banking. Legal & General agrees to £400m buyout with TT Electronics Just Group Pension Plan CEO David Richardson said: “I am delighted that Pretty is joining the group to lead our highly successful DB business and their appointment reflects our commitment to further grow our DB business. Pretty brings a wealth of highly relevant skills and is an expert in the field in mass pensions and the pension risk transfer market. She has extensive hands-on experience in driving change, innovating and creating sustainable growth. I am confident that Pretty will make an immediate contribution to Just through his proactive approach, balanced leadership and desire to help us achieve our goal of helping people live better lives later on. Chris DeMarco, Chief Executive of UK PRT, said: “I am delighted to welcome Pretty to the team at a time when trustees and defined benefit plan sponsors are increasingly focused on transferring their risk to insurers. I am confident that Pretty`s experience and expertise will help us continue to deliver exceptional results to our clients.
Pretty brings fifteen years of experience in the banking and insurance industry in asset allocation, risk reduction, longevity risk management and, most recently, Solvency II. His professional and leadership experience will be a valuable asset to the team and will further demonstrate Legal & General`s commitment to the pension risk transfer market. Receive regular weekly email newsletter update with all major news, offers, and event information Receive email alert notifications for every Artemis article as soon as it is published. Sagoo said: “I am very excited to join Just, especially at a time when it is focused on profitable and sustainable growth. It is a goal-oriented business aimed at helping people improve their lives later on. The performance-driven business delivered record results in 2021, generating £1.9 billion in new business, up 28%, and I look forward to leading the team to help more clients and drive sustainable growth in this very attractive market. She holds a PhD in atmospheric physics from Imperial College London and an MA in physics from Imperial College London and the University of Trento in Italy. Just Group has appointed Pretty Sagoo as Managing Director of its high-growth defined benefit risk reduction business, effective April 11, 2022. Tagged as: longevity insurance, longevity insurance, longevity reinsurance, longevity swap news.